What interest rate does Expense Reduction Analysts charge on overdue amounts?

According to the 2025 Expense Reduction Analysts Franchise Disclosure Document, overdue amounts are subject to interest. Expense Reduction Analysts specifies that franchisees will be charged interest at a rate of 1.5% per annum, or the highest rate allowed by law.

This means that if a franchisee fails to make timely payments to Expense Reduction Analysts, they will incur interest charges on the outstanding balance. The interest rate will be the lesser of 1.5% per year or the maximum rate legally permissible, which may vary depending on the jurisdiction.

In addition to interest, Expense Reduction Analysts also charges a 5% cost of collection. However, this 5% cost does not include fees charged by the collection agency, meaning that franchisees could potentially be responsible for even more than 5% of the cost of collection. Franchisees should be aware of these potential additional costs and ensure timely payments to avoid incurring these charges.